youves — a decentralized, self-governing and non-custodial platform for creating and managing synthetic assets, backed by acceptable collateral. The platform and its smart contracts run on the Tezos blockchain. For example, users can become minters by placing and blocking appropriate collateral in the vault and creating synthetic assets. The first type of synthetic asset - youves tokens.
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Description of youves defi app
Youvеs tokens can be sold or transferred to others. Miners will be able to leverage their cryptocurrency positions as they can sell their youves tokens for that cryptocurrency, which increases their exposure to the current cryptocurrency price.
The owners of synthetic assets can receive passive income. The newly created synthetic asset is a transparent and new asset on this defi chain. The self-governing aspect is initially governed by a multi-signature process, but will soon be governed by a governance token, the YOU token.
Other features of this defi coin project:
| 1 | The platform charges a commission from its users as a result of various events and transactions. When youves tokens are minted, 1.5625% of the value of the minted token is debited from the miner's wallet. |
| 2 | In addition, the platform applies the interest rate to both the outstanding tracker tokens of youvеs miners and to the balance of youvеs token holders. |
| 3 | The interest rate on the unpaid tokens of the youves tracker is approximately 1.00% per year higher than the interest rate on the balance of the tokens of the youves tracker holders. The platform regularly announces this difference. |
The costs, incurred by the platform, mainly consist of blockchain related gas and storage fees when updating smart contracts on settlement requests, originating from the platform, other costs - the cost of operating and maintaining the frontend. Currently, these costs are covered by the platform developer (ubinetic AG). This may change in the future.
More about DeFi on the Tezos blockchain
YOU — your governance token. You can earn it through mining or buy on DEX. The number of YOU tokens is limited and their holders can operate the youves platform.
On the main page of the site, you will find a brief description of the site's features. For more information, see the White paper. From social networks, the community leads:
Subscribe and become part of the ecosystem. The smart contract audit is available here.